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Climate Diplomacy
Decarbonization, waste management, diplomacy, and regulation updates from across the region
Stories on our radar this week from around the region
KSA + Italy agree to explore cooperation on green energy
The agreement focuses on renewables, electricity interconnection, energy efficiency, and geothermal energy among other areas
Jordan and Germany agree on Joint Action Program Plan for 2025
The program aims to enhance knowledge exchange and address challenges in the energy sector
The UK and Saudi Arabia strengthen cooperation on green manufacturing
Starmer met with Saudi officials to discuss two partnerships worth GBP mns
Climate Policy
The EU’s renewables push could be exploiting our region’s decarbonization efforts
European-backed renewable projects keep Morocco and Egypt hooked on fossil fuels while exporting clean energy…
UAE commits to cut carbon emissions by 47% by 2035
The UAE aims to reduce power sector’s emissions by 50%
The US elections are here. What will the outcome mean for climate policy?
Being the world’s second-largest greenhouse gas emitter, a US exit from the Paris Accord could…
Turkey aims high in its 2035 Renewable Energy Roadmap, revamps tender process
The strategy looks to cut down the existing permit process timeline by more than half
Earnings Watch
A slew of earnings dropped from the region’s green industry players
Regionally backed, US-based EV makers managed to slash their y-o-y losses
Masdar back in the black as bottomline swings positive for FY 2024
PLUS: Tadweeer sees a 40.2% y-o-y bottomline jump in 2024
Mubadala-backed EGA’s net income drops in 2024
Revenue rose slightly to AED 30 bn (USD 8.2 bn) for the full year
Ma’aden’s net income up, OQBI’s down in 2024
PLUS: OQBI’s net income dropped 15% to OMR 40.4 mn in FY 2024
IPO Watch
TOP STORIES: Egypt-Italy interconnection’s got a big ticket + Omniyat Holdings’ green sukuk issuance
What we’re tracking this week regionally and around the world
TOP STORIES: Masdar secures renewables assets in Spain + Tunisia finalizes agreements for 500 MW solar projects
What we’re tracking this week regionally and around the world
Adnoc mulls IPO of low-carbon, chemicals arm XRG
The company launched XRG in November as part of a diversification strategy
TOP STORIES: Rivian finalizing mega financing + Saudi’s Future Minerals Forum are headliners this week
What we’re tracking this week regionally and around the world
M&A Watch
TOP STORIES: Saudi’s hydrogen vehicles factory + Regional renewables push
What we’re tracking this week regionally and around the world
Investcorp, US buyers make plays for Pal Cooling takeover
Big district cooling players in the UAE have been expanding their market share through acquisitions
Taqa acquires UK’s Transmission Investment
The agreement gives Taqa immediate access to a GBP 3 bn portfolio
Masdar now owns 100% of Terna Energy
The purchasing price is equivalent to the last closing price of the Athens-listed firm
Regulation Watch
Tunisia signs off on national waste strategy updates
New projects across Tunisia were approved
Oman issues new policy to encourage renewables uptake
There are three parts to the framework, targeting self generation, sales, and transmission
Abu Dhabi to require carbon reporting for big emitters as of 2026
The Abu Dhabi Environment Agency launched an international standard carbon measurement, reporting, and verification program
Turkey streamlines regulation to boost private sector investments in renewables
The country aims to quadruple its renewables capacity to 120 GW by 2035